Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Saginaw County, Michigan

Premium Subsidies

YearPremium SubsidiesPolicies
1995$1,010,9133,000
1996$1,070,7282,625
1997$807,0962,129
1998$904,3622,018
1999$803,3892,053
2000$691,5132,064
2001$1,041,9541,974
2002$1,339,6162,212
2003$1,486,6162,159
2004$1,991,5622,326
2005$2,241,0122,303
2006$2,327,5662,244
2007$3,574,9842,210
2008$4,031,2212,180
2009$3,777,8682,205
2010$2,937,0262,180
2011$4,915,3622,142
2012$4,305,6612,117
2013$4,414,3572,142
2014$4,051,6792,138
2015$3,687,7002,151
2016$3,437,5382,132
2017$3,848,1472,102
2018$3,506,1902,122
1995-2018$62,204,06052,928

METHODOLOGY: EWG obtained county level crop insurance information from USDA Risk Management Agency which shows premium subsidies, indemnities and farmer premiums at the county/crop level by crop year. Administrative and Operating Expense Reimbursements to crop insurance companies (A+O), Other program fund costs, Other administrative and operating fund costs expenses, and Government earned interest were allocated to the crop/county level by using the national expenditures/revenue of the Crop Insurance program (available here for 2008-2017 and from RMA previous to 2008) in each category and attributing them the crop/county level by total premiums. EWG was unable to attribute underwriting gains to the county/crop level. Underwriting gains (or losses) are paid to insurance companies when the insurance companies collect more in total subsidies than are paid out in indemnities. Since underwriting gains are paid by company on the basis of all of their policies, EWG was unable to allocate underwriting gains by crop or by region. The total underwriting gains for 1995-2018 is $14.6 billion.

 

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